Trend of Petrol Price in Delhi for May 2020 (Rates per litre):

Petrol price in Delhi stood at Rs.69.59 per litre on the 1st of May, unchanged from its previous day’s closing price.

Petrol stayed stable for the next few days, petrol prices jumped to Rs.71.26 per litre after the Indian Government increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.

The overall performance of petrol in Delhi was 2.39%.

May – Week 2 (8 - 14):

Petrol price in Delhi stood at Rs.71.26 per litre on the 8th of May, unchanged from its previous day’s closing price.

Petrol stayed stable for the next few days and closed the week at Rs.71.26 per litre after the Indian Government increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.

The overall performance of petrol in Delhi was 2.39%.

May – Week 3 (15 - 21):

In Delhi, petrol opened the third week of May at Rs.71.26 per litre. Compared to the closing price of the previous week, there was no change in the rates of the fuel in the national capital.

The rates slipped to Rs.71.26 per litre on 17th May after staying constant for a day. The rates recovered the next day and remained unchanged till the end of the week.

Petrol closed the week at Rs.71.26 per litre in Delhi. The overall performance of the fuel witnessed an inclining trend of 2.39%.

May – Week 4 (22 - 28):

In Delhi, petrol opened the fourth week of May at Rs.71.26 per litre. Compared to the closing price of the previous week, there was no change in the rates of the fuel.

While petrol recorded an incline in the overall performance, the rates in the national capital didn’t see any change over the week.

The percentage change recorded was 2.39%.

Trend of Petrol Price in Delhi for April 2020 (Rates per litre):

Parameters

Rates/litre

Parameters

Rates/litre

1st April

Rs.69.63

28th April

Rs.69.59

Highest Rate in April

Rs.69.63

Lowest Rate in April

Rs.69.59

Overall Performance

Decline

Percentage Change

-0.05%

April – Week 1 (1 - 7):

Petrol price in Delhi stood at Rs.69.63 per litre on the 1st of April, unchanged from its previous day’s closing price.

After staying stable for the next few days, petrol slumped to Rs.69.59 per litre. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing demand for the oil.

The overall performance of petrol in Delhi was -0.05%, trending downwards.

April – Week 2 (8 - 14):

Petrol price in Delhi stood at Rs.69.59 per litre on the 8th of April, unchanged from its previous day’s closing price.

Petrol stayed stable for the next few days closing the week at Rs.69.59 per litre. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing demand for the oil.

The overall performance of petrol in Delhi was -0.05%.

April – Week 3 (15 -21):

Petrol price in Delhi stood at Rs.69.59 per litre on the 15th of April, unchanged from its previous day’s closing price.

Petrol stayed stable for the next few days, closing the week at Rs.69.59 per litre. In the international oil market, oil prices crashed record two-decade low due to the COVID-19 pandemic, thereby sending ripples across countries.

The overall performance of petrol in Delhi was -0.05%.

April – Week 4 (22?-?28):

Petrol price in Delhi stood at Rs.69.59 per litre on the 22nd of April, unchanged from its previous day’s closing price.

Petrol stayed stable for the next few days, closing the week at Rs.69.99 per litre as the state-run oil marketing companies decided to keep the prices stagnant. In the international oil market, oil prices crashed a two-decade low due to the COVID-19 pandemic, thereby sending ripples across countries.

The overall performance of petrol in Delhi was -0.05%.

Trend of Petrol Price in Delhi for March 2020 (Rates per litre):

Parameters

Rates/litre

Parameters

Rates/litre

1st March

Rs.71.75

31st March

Rs.69.63

Highest Rate in March

Rs.71.75

Lowest Rate in March

Rs.69.63

Overall Performance

Decline

Percentage Change

-2.95%

March – Week 1 (1 - 7):

Petrol price in Delhi opened the month of March at Rs.71.75 per litre. There was a drop of 14 paise in the prices when compared to the previous week’s closing price. The opening price was also the highest recorded price for the month till date in the national capital.

Over the week, the rates dropped considerably in New Delhi as crude prices in the international oil market tumbled due to concerns over the spread of coronavirus infections around the world.

The rates closed the week at Rs.71.06 per litre as crude prices suffered their biggest daily loss in more than 11 years. The closing price was the lowest recorded price for the month till date in Delhi with the overall performance showing a decline of -0.96%.

March – Week 1 (8 - 14):

In Delhi, the rates of petrol opened the month of March at Rs.71.75 per litre. There was a drop of 19 paise per litre in the prices of the liquid gold when compared to the previous week’s closing price. The dropping rate of the fuel was mainly affected by the fall in the price of Brent crude oil. Brent crude oil has witnessed its biggest ever fall in daily price since December 2008.

With the fall of the price of Brent crude oil by almost 9% in the international market, the price of the fuel continued to fall further. The outbreak of the pandemic Corona virus and the price war between Saudi Arabia and Russia was also responsible for the drop in the price of the fuel.

For the second week of the month, the price of petrol in the capital closed at the rate of Rs.69.91 per litre. This is the lowest recorded price for the month so far. The overall performance of the fuel witnessed a percentage change of –2.56%.

March – Week 3 (15 - 21):

Petrol opened the third week of March at Rs.69.79 per litre in Delhi. There was a decline of 12 paise for every litre when compared to the previous week’s closing price.

The rates fell by 16 paise the next day and cost Rs.69.63 per litre in the national capital. Following that, petrol rates didn’t see any change over the week even though international crude oil prices continued to fluctuate.

Petrol closed the week at Rs.69.63 per litre in Delhi. This was the lowest recorded price of the fuel for the month till date. Petrol’s overall performance in the national capital witnessed a decline of 2.95%.

March – Week 4 (22 - 31):

Petrol price in Delhi stood at Rs.69.63 per litre on the 22nd of March, unchanged from its previous day’s closing price.

Petrol closed the week at Rs.69.63 per litre. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing the demand of the oil.

The overall performance of petrol in Delhi was -2.95%, trending downwards.

Trend of Petrol Price in Delhi for February 2020 (Rates per litre):

Parameters

Rates/litre

Parameters

Rates/litre

1st February

Rs.73.19

29th February

Rs.71.89

Highest Rate in February

Rs.73.19

Lowest Rate in February

Rs.71.89

Overall Performance

Decline

Percentage Change

-1.77%

February – Week 1 (1 - 7):

Petrol price in Delhi stood at Rs.73.19 per litre on the 1st of February, unchanged from its previous day’s closing price. In the international oil market, there’s been a squeeze on oil demand owing to China’s fast spreading coronavirus.

The overall performance of petrol in Delhi was -0.69%, trending downwards.

February – Week 2 (8 - 14):

Petrol price in Delhi stood at Rs.72.45 per litre on the 8th of February, trending a bit lower compared to its previous day’s closing price.

In the next few days, the state-run oil marketing companies decided to cut petrol rates further. Petrol closed the week at Rs.71.94 per litre, its lowest recorded price for the month.

The overall performance of petrol in Delhi was -1.07%, trending downwards.

February – Week 3 (15 - 21):

Petrol rate opened the third week of February at Rs.71.94 per litre. There was no change in the rates of the fuel when compared to the previous day’s closing price.

The rates remained constant for the next couple of days before slipping by 5 paise per litre on 18 February. The decline in the prices saw every litre being retailed for Rs.71.89 in the national capital.

Petrol prices didn’t see any change till the end of the week and closed at the same price. The overall performance of petrol in the city showed a decline of 1.77%.

February – Week 4 (22 - 29):

Petrol price in Delhi opened the fourth week of February at Rs.71.89 per litre. There was no change in the rates of the fuel when compared to the previous day’s closing price.

Petrol prices increased a bit for the next couple of days before dropping back to Rs.71.89 per litre, its lowest recorded price for the month of February.

The overall performance of petrol in Delhi was -1.77%, trending downwards.

Trend of Petrol Price in Delhi for January 2020 (Rates per litre):

Parameters

Rates/litre

Parameters

Rates/litre

1st January

Rs.75.18

31st January

Rs.73.33

Highest Rate in January

Rs.76.07

Lowest Rate in January

Rs.73.33

Overall Performance

Decline

Percentage Change

-2.46%

January – Week 1 (1 - 7):

The Petrol price in Delhi opened at the rate of Rs.75.18 per litre for the first week of January 2020. This is similar to the rate of the previous day, i.e. the 31st of December 2019. However, the price of the fuel has been increasing constantly in the first week.

The US President Donald Trump had recently threatened to impose curbs on Iraq owing to the heated situation in the Middle East. Following this threat, a hike of more than 2% was witnessed in the Brent crude prices in the international market.

The week came to a close with the price of petrol standing at the rate of Rs.75.90 per litre on the 7th of January 2020. This was the highest recorded rate of the fuel for the week. The lowest recorded rate was on the 1st day of the week. The overall performance of the fuel witnessed an incline of 0.96%.

January – Week 2 (8-14):

In Delhi, petrol price opened the second week of January at Rs.75.80 per litre. The rates dropped by 10 paise per litre when compared to the previous week’s closing price.

The rates of the fuel climbed over the next few days and touched the highest recorded price for the month on 11 January with every litre costing Rs.76.07. The jump in the prices was accounted to the turmoil in global oil markets due to the standoff between Iran and the United States.

Petrol price in Delhi slipped towards the end of the week and closed at Rs.75.76 per litre as tensions between the United States and Iran eased. Petrol’s overall performance in the national capital was 0.77%, trending upwards.

January – Week 3 (15-21):

Petrol price in Delhi stood at Rs.75.76 per litre on 15 January. Compared to the previous week’s closing price, the rates remained unchanged in the national capital.

The rates of the fuel were on the decline over the week as Oil Marketing Companies (OMCs) cut the prices given that international crude oil prices softened.

As the prices slipped, a litre of petrol was sold for Rs.74.88, the lowest recorded price for the month till date. Petrol’s overall performance in the city was –0.39%, trending downwards.

January – Week 4 (22-28):

Petrol price in Delhi stood at Rs.74.88 per litre, unchanged from its previous day’s closing price. Prices fluctuated in the international market owing to coronavirus and its effect on the Chinese economy.

On India’s Republic Day, petrol stood at Rs.73.93 per litre, thereby marking a substantial drop in its prices.

Petrol rate closed the week at Rs.73.66 per litre, its lowest recorded price in the month of January. The overall performance of petrol in Delhi was -2.02%, trending downwards.

January – Week 5 (29-31):

Petrol price in Delhi stood at Rs.73.66 per litre on the 29th of January, unchanged from its previous day’s closing price. Prices fluctuated in the international market owing to coronavirus and its effect on the Chinese economy.

Petrol closed the month at Rs.73.33 per litre, its lowest recorded price for the month of January.

The overall performance of petrol in Delhi was -2.46%, trending downwards.

Trend of Petrol Price in Delhi for December 2019 (Rates per litre)

Parameters

Rates/litre

Parameters

Rates/litre

1st December

Rs.74.99

29th December

Rs.74.92

Highest Rate in December

Rs.75.04

Lowest Rate in December

Rs.74.67

Overall Performance

Decline

Percentage Change

-0.09%

December – Week 1 (1--7):

Petrol price in Delhi stood at Rs.74.99 per litre on the 1st of December, 13 paise higher than the previous day’s closing price.

Petrol remained stable for the next few days at Rs.74.99 per litre.

Prices dipped on the 7th of December, with petrol closing at Rs.74.90 per litre, a 9 paise drop from the previous day’s closing price. Overall performance of petrol in Delhi was -0.12%, trending downwards.

December – Week 2 (8--14):

Petrol price in Delhi stood at Rs.74.99 per litre on the 8th of December, 9 paise higher than its previous day’s closing price.

Prices improved on the next day with growing demand for the oil. Petrol stood at Rs.75.04 per litre, its highest recorded price in the month of December.

However, staying stable for a couple of days, petrol prices dipped with petrol closing the week at Rs.74.88 per litre. Overall performance of petrol in Delhi was -0.14%, trending downwards.

December – Week 3 (15 - 21):

Petrol price in Delhi stood at Rs.74.78 per litre at the start of the third week of December. Compared to the previous week’s closing price, the rates fell by 10 paise per litre in the national capital.

The rates of the fuel fell in the next few days as the prices were slashed by state-run Oil Marketing Companies (OMCs) due to low demand. Petrol prices in Delhi slipped to Rs.74.68 per litre on 17 December.

In Delhi, petrol closed the third week of the month at Rs.74.67 per litre. The overall performance of the fuel in the capital was -0.42%, trending downwards.

December – Week 4 (22 - 29):

In Delhi, petrol price started the fourth week of December at Rs.74.67 per litre. Compared to the previous week’s closing price, the rates of petrol didn’t see any change in the national capital.

The prices of the fuel remained constant for the next few days as Oil Marketing Companies pinned their hopes on a trade deal being signed soon between Washington and Beijing.

Petrol prices started to climb from 27 December due to the efforts of OPEC to cut supply and hopes of a breakthrough in the trade tensions between US and China. The fuel closed the week at Rs.74.92 per litre with the overall performance in the capital being -0.09%, trending downwards.

Trend of Petrol Price in Delhi for November 2019 (rates per litre)

Parameters

Rates/litre

Parameters

Rates/litre

1st November

Rs.72.86

30th November

Rs.74.86

Highest Rate in November

Rs.74.86

Lowest Rate in November

Rs.72.60

Overall Performance

Incline

Percentage Change

2.74%

November – Week 1 (1 – 7):

In Delhi, the price of diesel for the first week of November, opened at Rs.65.81. The rate of the fuel on the previous day was Rs.65.91. There was a dip of 10 paise per litre in the price of diesel.

In the international market, the price of Brent oil went down by 26 cents and was being traded at $55.94 per barrel. The market also witnessed a dip in the demand of the fuel due to the Washington-Beijing trade war. The price of crude oil was relaxed in the international market owing to the upcoming European and US economic data.

The price of diesel in Delhi closed at Rs.65.76 at the end of the first week of November. So far, this is the lowest rate of diesel which has been recorded for the month of November. The overall performance of the fuel dropped by -0.08%.

November – Week 2 (8 – 14):

Diesel price in Delhi stood at Rs.65.85 per litre on the 8th of November, 9 paise higher than the previous day’s closing price. Diesel further increased on the next day, reaching its peak at Rs.65.92 per litre.

However, after the steep rise, diesel prices fell, closing the week at Rs.65.80 per lite.

The overall performance of diesel in Delhi was -0.01%, trending downwards. Meanwhile, in the international oil market, fuel prices improved as data showed signs of improvement in US and China economies.

November – Week 3 (15 – 21):

Petrol price in Delhi stood at Rs.73.63 per litre on the 15th of November, recording an 18 paise hike than the previous day’s closing price. Earlier, during the first week of November, petrol was in declining mode. However, the trend changed last week.

Petrol rate rose further in the following days, closing the week at Rs.74.20 per litre, its highest recorded price for the month of November till now.

The overall performance of petrol in Delhi was 1.83%, trending upwards. Meanwhile, in the international oil market, fuel prices improved as data showed signs of improvement in US and China economies.

November – Week 4 (22– 30):

Petrol price in Delhi opened the fourth week of November at Rs.74.35 per litre. Compared to the previous day’s prices, the rates saw a hike of 15 paise per litre.

The rates continued to increase over the week as crude oil prices jumped in the international oil market and touched Rs.74.76 on November 26.

Petrol closed the final week of the month at Rs.74.86 per litre. This was the highest recorded price for petrol in November. The overall performance was 2.74%, trending upwards.

Trend of Petrol Price in Delhi for October 2019 (rates per litre)

Parameters

Rates/litre

1st October

Rs.74.67

31st October

Rs.72.98

Highest Rate in October

Rs.74.67

Lowest Rate in October

Rs.72.98

Overall Performance

Decline

Percentage Change

-2.26%

October - Week 1 (1-7):

The price of petrol opened the month of October at Rs.74.67 per litre in Delhi. It was the highest recorded price for the week. Compared to the previous day, the rates increased by 21 paise per litre.

Petrol price in Delhi dropped considerably over the week after staying constant for the next day. The drop in the prices was accounted to crude oil prices cooling down and reversing all gains.

The prices closed the first week of the month at Rs.73.83 per litre as the prices of crude oil slid to its second consecutive weekly decline. The closing price was the lowest recorded price for the month so far. The overall performance of petrol in Delhi was -1.13%

October - Week 2 (8 - 14):

In Delhi, the rates of petrol opened the second week of October at Rs.73.65 per litre. The prices of every litre were down by 17 paise since the previous day’s closing price.

Petrol price in Delhi continued to fall in Delhi throughout the second week as crude prices fluctuated due to concerns about global economic growth and demand for fuel. OPEC indicating that it may make deeper cuts in supply and renewed geopolitical tensions in the Middle East also played its part when it came to fluctuating oil prices.

The rates closed the week at Rs.73.38 per litre, the lowest recorded price for the month so far. Petrol prices saw a drop of Rs.0.27 per litre over the week. The overall performance in Delhi was -1.72%, trending downwards.

October - Week 3 (15 – 21):

Petrol price in Delhi opened the third week of October at Rs.73.33 per litre. Compared to the previous day’s prices, the rates were down by 5 paise per litre. The prices remained unchanged throughout the week.

Even though the rates of petrol were constant, crude oil prices fluctuated throughout the week due to concerns regarding demand for oil across the world.

The prices closed the week at Rs.73.33 per litre. This was the lowest recorded price for the month of October in the national capital. The overall performance of petrol was -1.79%, trending downwards.

October - Week 4 (22 – 28):

Petrol price in Delhi opened the fourth week of October at Rs.73.28 per litre. There was a dip of 5 paise per litre when compared to the rates of the fuel on the previous day.

Although the Brent oil continued to be traded at more than $60 per barrel in the international market, the crude oil witnessed a fall in its price.

The price of petrol closed at Rs.73.04 per litre in Delhi at the end of the fourth week. This was the lowest recorded price of the fuel in the month of October. There was an overall downward trend of 2.18% in the performance of petrol.

October - Week 5 (29-31):

Petrol price in Delhi opened at Rs.72.98 per litre on October 29—6 paise lower than the previous day’s closing price. In the international oil market, crude oil prices remained stable.

Petrol price remained unchanged on the next day in India. In the international market, oil prices were static too albeit Russia’s assurance to come to terms with OPEC to keep production in check and support prices.

Price of petrol in Delhi was recorded at Rs.72.98, marking a decline of -2.26%. Oil prices in India didn’t show any improvement in the entire month of October, recording a steady decline till the end of the month.

Trend of Petrol Price in Delhi for September 2019 (rates per litre)

Parameters

Rates/litre

1st September

Rs.72.01

30th September

Rs.74.46

Highest Rate in September

Rs.74.46

Lowest Rate in September

Rs.71.75

Overall Performance

Incline

Percentage Change

3.40%

September - Week 1 (1-7):

The petrol price in Delhi opened the month of September at Rs.67.42 per litre. The rates were unchanged from what was charged the previous day.

Petrol in Delhi remained stable for the next few days as Oil Marketing Companies (OMCs) kept the prices constant due to low demand. However, in the international oil market, crude oil prices shot up as Washington confirmed that trade talks with Beijing will be held in the coming months.

The petrol rate in Delhi dropped towards the end of the week and closed at Rs.71.81 per litre. The overall performance of petrol in Delhi for the first week of September was -0.27%.

September - Week 2 (8-14):

Petrol price in Delhi opened at Rs.72.01 per litre in Delhi on the 8th of August 4 paise lower than the previous day’s closing price. Meanwhile, in the international oil industry, crude futures dropped after participants reduced positions due to a weak trend in global markets.

After staying stable for a day, price of petrol in delhi rose again on 11 September, recording Rs.71.80 per litre. The hike in prices was primarily due to a sharp drop in US inventories.

Delhi Petrol price closed the week at Rs.72.01 per litre, thereby marking a sharp increase since its 4 paise drop at the beginning of the week.

September - Week 3 (15-21):

Petrol price in Delhi opened at Rs.72.07 per litre—6 paise higher than the previous day’s closing price on the 15th of September.

After staying stable for a day, petrol rate in Delhi soared recording Rs.72.46 per litre on 18 September.

Petrol closed the week at Rs.73.39 per litre, its highest recorded price in the month of September. The substantial increase in petrol prices was primarily due to last week’s drone attack on Saudi Arabia’s Aramco oil refinery. The overall performance of petrol was 1.91%, trending upwards.

September - Week 4 (22-30):

The price of petrol in Delhi opened the fourth week of September at Rs.73.66 per litre. The rates were 27 paise higher than what was charged the previous day.

Over the week, the rates of petrol continued to soar in the national capital due to geopolitical tensions. Petrol recorded the highest price for the month on September 30 with consumers needing to pay Rs.74.46 for every litre.

The increase in the petrol prices in Delhi was accounted to the drone attack carried out on Saudi Arabia’s Aramco oil refinery. The overall performance of petrol for the month was 3.40%, trending upwards.

Trend of Petrol Price in Delhi for August 2019 (rates per litre)

Parameters

Rates/litre

1st August

Rs.72.86

31st August

Rs.72.01

Highest Rate in August

Rs.72.86

Lowest Rate in August

Rs.71.84

Overall Performance

Decline

Percentage Change

-1.16%

August 2019 – Week 1 (1-7):

Petrol price in Delhi opened at Rs.72.86 per litre on 1 August, 6 paise lower than the previous day’s closing price. In the international crude oil market, crude prices dropped after the US Federal Reserve dismissed all the rumours revolving around rate cuts. However, diesel in Delhi remained stable without undergoing any price change.

Petrol rate slumped further, recording Rs.72.69 per litre on 2 August, marking a drop of 17 paise per litre. Prices dropped further, trending at Rs.72.52 per litre on 5 August. In the international oil market, crude prices fell amid worries over weaker demand after the Trump administration said it would impose tariffs on more Chinese imports.

Petrol closed the week at Rs.72.28, its lowest recorded price till now in the month of August. The overall decline in petrol price recorded in the first week of August is -0.79%. In the international oil market, crude price dropped owing to US-China trade tensions. With Trump announcing to impose more tariffs on Chinese imports, crude prices could drop further in the coming days.

August 2019 – Week 2 (8-14):

Price of Petrol in Delhi opened at Rs.72.23 per litre on the second week of August—5 paise lower than the previous day’s closing price.

Petrol dipped further by 15 paise on the next day, standing at Rs.72.08 per litre. The dip was primarily due to the ongoing US-China trade tension.

Delhi Petrol price slumped slightly more in the next few days before stabilising at Rs. 71.99 per litre. Meanwhile, in the international oil market, crude prices fell because of the anticipation of further supply cuts amidst looming global economic crisis.

August 2019 – Week 3 (15-21):

Petrol in Delhi opened at Rs.71.99 on 15 August, unchanged from the previous day’s closing price.

Petrol prices remained stable for the next few days before dropping to Rs.71.91 per litre on 18 August due to weak demand of the oil in the local market.

Petrol prices in Delhi slumped further, dropping to Rs.71.84 per litre. Prices stabilised at petrol closed at Rs.71.84, as recorded on 21 August. However, in the international oil market crude prices went up after a drop in US inventories. But the gains were minimal due to sluggish economic growth in the global market.

August 2019 – Week 4 (22-31)

Petrol price in Delhi opened at Rs.71.84 per litre, unchanged from previous day’s closing price. After staying stagnant for the next few days, petrol prices went up marginally, recording Rs.72.07 per litre. In the international oil market, crude gained after US inventories recorded a substantial slump.

Petrol prices were slashed by 6 paise on the next day, recording Rs.72.01 per litre. Petrol remained unchanged till the end of the week.

Overall, petrol’s performance in Delhi was -1.16%, trending downwards. In the international oil market, crude slumped after concerns about the strength of US economy.

Petrol Price in Delhi:

Delhi is the capital city and union territory of India bordered by Uttar Pradesh to the east and by Haryana to the west, the north and the south. The city has spread across an area of 573 sq mi. The population of the city was more than 11 million according to the latest census.

With the advent of the Delhi Metro, the city has come out with a highly efficient, convenient system for public transport. The number of registered vehicles in the city is estimated to be 16.60 million, which is the highest among all cities in the world.

The diesel consumption in the city has come down by 15% and the petrol consumption by 1.5% in 2011-2012. The diesel consumption recently has gone up with more number of diesel-run vehicles getting added to the city. The consumption of petrol is projected to rise by 10% by the end of the financial year 2017-2018 in Delhi.

Trend of Petrol Price in Delhi for July 2019 (rates per litre)

Petrol price in Delhi was at Rs.70.50 on 1 July – the lowest price recorded during the month influenced by the slight drop in crude oil prices due to decline in production by the OPEC and its allies.

On 2 July, state-owned oil companies, in accordance with the daily revision, hiked petrol prices in Delhi by 7 paise to be sold at Rs.70.57 per litre, this remained unchanged until 6 July.

Petrol rate in Delhi rose to record its highest price of the week when it was available at Rs.73.01 per litre attributed by the hike in excise duty of Re.1 per litre and the road and infrastructure cess of Re.1 per litre.

July 2019 – Week 2 (8-14):

Petrol price in Delhi stood at Rs.73.01 per litre when the week began due to the increase in excise duty of Rs.2 per litre after the Central Government announced while delivering the 2019 Finance Budget.

Prices were decreased to Rs.72.96 per litre on 9 July after crude oil prices declined amid concerns over decline in demand for crude after the latest indications that the trade tensions between the US and China have been impacting the global economy.

By the end of the week, petrol prices rose to its weekly high of Rs.73.14 per litre, inclining by marginally by 0.18% primarily due to slight incline in crude prices amid tensions in the Middle East despite supply cuts led by the OPEC and its allies.

July 2019 – Week 3 (15-21):

Petrol was priced at Rs.73.27 per litre on 15 July, the lowest price recorded during the week amid falling crude oil prices after China reported its slowest quarterly economic growth in at least three decades, indicating concerns about demand from China.

Diesel petrol Prices were hiked by 6 paise per litre on 16 July which remained unchanged until 17 July before it was increased by 8 paise on 18 July, this remained unchanged until the end of the week despite rising crude oil prices in the oil market.

Overall, petrol prices in Delhi during this week inclined amid pressure on Brent Crude – the global benchmark – after the US shot down a Iranian drone, escalating tensions in the Middle East.

July 2019 – Week 4 (22-28):

Petrol price in Delhi opened at Rs.73.41 per litre on 22 July, unchanged from the previous day’s closing price. Prices remained stable primarily because of the lack of demand in crude oil in the international market amid growing tensions in the Middle East.

Petrol prices went up slightly on the next day, recording at Rs.73.47 per litre and remained stable till the next day after which it fell to Rs.73.41 per litre on 25 July. In the international oil market, crude gained midst reports of a huge drop in US inventories and after the US Navy said it may have downed a second Iranian drone last week.

Petrol in Delhi started to drop from the next day, closing the week at Rs.73.20 per litre on 28 July. Weak demand among the market players could be one of the most obvious reasons of the price drop. Also, Goldman Sachs had earlier slashed its 2019 oil demand projection, thereby lowering its outlook for fuel use.

Petrol opened at Rs.71.53 per litre on 2 June, a marginal increase compared to the previous day’s price as it was impacted by the slight drop in crude prices in the international oil market.

Prices of petrol continued to decline over the week with the lowest price recorded at Rs.70.97 per litre on 7 June.

The decline in prices came amid the stabilization of crude prices as the international benchmark Brent crude futures, was down by 22 cents or 0.4% after plummeting 10% in the last four days.

June 2019 – Week 2 (9-15):

The week opened with petrol being sold at Rs.70.97 per litre, no change compared to the previous day’s price.

State-run Oil Marketing Companies (OMCs) cut petrol prices further by 51 paise on 10 June and kept it unchanged until 12 June.

Prices continued to drop over the week and recorded its weekly low of Rs.70.02 per litre on 15 June impacted by the concerns of a trade war between the US and China and supply cuts led by the OPEC and its allies.

June 2019 – Week 3 (16-22):

On 16 June, petrol was priced at Rs.69.96 per litre in Delhi even as oil companies cut prices by 6 paise compared to the previous day’s rate.

Oil firms kept Delhi petrol prices unchanged until the end of this week even as prices of crude declined on indications that global economic growth being hit by the trade war between the US and China.

Also, despite crude oil prices inclining over the week amid tensions in the Middle East after Iran shot down a US military drone as well as on expectations for a reduction in US interest rates that may trigger global growth, prices remained the same until the end of the week.

June 2019 – Week 4 (23-30):

During the 4th week of June, petrol opened at Rs.69.96 per litre in Delhi, the same as the previous day’s price.

On 24 June, oil firms hiked the petrol price in Delhi by 12 paise per litre to be sold at Rs.70.08 per litre and remained constant until 26 June.

Crude oil prices declined as investors awaited the outcome of the G20 summit and the meeting of the OPEC and allies to take a decision on an extension of production cuts in the international oil market.

Petrol Rates in Delhi:

Since the implementation of
"Dynamic Fuel Pricing" in mid-June, petrol prices in the city have grown by 8% because of a 14% hike in overseas oil and a 40% rise in dealer’s commission. The retail selling price of petrol witnessed an 8.66% hike from Rs.65.23 a litre as on 17th June 2017 to Rs.70.88 a litre as on 3rd October 2017.

In just a span of 13 days post Dynamic Fuel Pricing, petrol rates have fallen by Rs.3.45 a litre with oil companies reducing prices or keeping it unaltered for 12 days in a row. They have been in a growing trend since then. From the first day of daily revision, the cost of petrol per litre in Delhi has gone up by Rs.5.65 till date. Have you noticed?

The recent price hikes can be attributed to the increasing price of crude oil in the overseas markets as mentioned earlier. The last five days have shown an increasing trend with the rate growing from Rs.70.56 as on 29th September 2017 to Rs.70.88 till date.

Petrol Prices in Delhi vs. Other Metro Cities:

Petrol prices in Delhi are cheaper compared to other metro cities of India. This is attributed to the lower VAT levied on the sale of fuel in the national capital. Petrol prices in four metro cities as on 20 January 2019 are Rs.70.64 per litre in Delhi, Rs.76.22 in Mumbai, Rs.73.27 in Chennai, and Rs.72.69 in Kolkata after their daily price revision.

Similarly, the diesel Price in Delhi is Rs.65.06 per litre, Rs.68.06 in Mumbai, Rs.68.66 in Chennai, and Rs.66.78 in Chennai. The Petrol Price in Delhi is less compared to other metro cities because of the lower state VAT (27%) imposed on petrol by the state government.

Determinants of Delhi Petrol Rates

Petrol rates in Delhi are impacted by mainly the buying cost of crude oil, the exchange rate, the dealer’s commission, the central excise duty, the state VAT. Crude oil prices are subject to vary. Any increase or decrease in oil prices will proportionately impact the retail selling price of petrol.

The central excise is the same across the country, but the state VAT is something that varies from state to state. As mentioned in the earlier section, a litre of petrol costs you less in Delhi compared to other three metro cities due to the lower state VAT imposed on petrol in Delhi.

The exchange rate of the USD to the INR is another important consideration. If the INR weakens against the USD, the buying cost of oil will increase; if the INR strengthens against the USD, the buying cost of oil will decrease. Any ups and downs in crude oil prices will equally affect the cost of petrol in Delhi.

How often Petrol Rates in Delhi Revised?

Like any other India city, state-run oil companies such as Indian Oil, Hindustan Petroleum, and Bharat Petroleum dominate the petrol market in New Delhi. All these oil brands are currently revising diesel and petrol prices on a daily basis, which is also called dynamic fuel pricing.

The new pricing system was proposed and implemented by the government of India post mid-June 2017. Every petrol station in Delhi whether automated or non-automated revises fuel prices at 06:00 a.m. each day. Make sure to make a note of updated prices that will be displayed by each bunk.

Fuel prices are presently raising marginally in the city. If you are a retail consumer, daily price revisions will not impact you much. If you are a consumer of petrol in larger quantities, even a minute fall or a hike can make a big difference to your billing amount.

In fact, the new fuel pricing system is in practice throughout the nation. All fuel users whether from Delhi or from other Indian cities are expected to be benefited from the system. The pricing is transparent under the system.

Impact of GST on Petrol Rates in Delhi

As we all know, the oil and natural gas industry has not been brought under the regime of GST till date. It means all types of petroleum products do not have to comply with the GST tax structure that was brought into act in July 2017. However, the industry remains unaffected.

If GST was imposed on petrol, what is the anticipated price of petrol per litre in Delhi?

· A litre of petrol costs you Rs.38.10 in case 12% GST is imposed.

· A litre of petrol costs you Rs.40.05 in case 18% GST is imposed.

· A litre of petrol costs you Rs.43.44 in case 28% GST is imposed.

For Delhi customers, petrol prices would have been cheaper. But, the revenues for the Delhi government would have been adversely affected. The government imposes 27% VAT on petrol and 16.75% VAT on diesel with effective from 1st September 2017.

Petrol vs. Diesel in Delhi

Since the global crude oil was trading around $80 per barrel early October 2018, it’s now trading around $56 per barrel on the back of the decline in the geopolitical tensions between the US and China over the trade war between them. Also, the Centre reduced the excise duty of Rs.1.50 per litre and asked oil companies to further subsidise Rs.1 per litre on 4 October 2019 which was also one of the factors which led to the fall in fuel rates in the country.

While petrol was sold at Rs.83.81 per litre on 1 October 2018, it was sold at Rs.70.64 per litre on 20 January 2019, thereby declining by Rs.13.17 per litre.

As for the diesel price in Delhi, it was sold at Rs.75.17 per litre on 1 October 2018, which has now declined to Rs.65.06 per litre as of 20 January 2019, reducing by Rs.10.11 per litre.

When you compare the petrol and diesel price in Delhi, diesel rates are much lower than that of the petrol price in the national capital. The difference between the two fuels is approximately Rs.6 per litre.

Also Check Petrol Price in NearBy Cities of Delhi

*Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing prices are susceptible to change and provided on an as-is basis. We accept no liability for any loss arising from the use of the data contained on this website.

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News About Petrol Price In Delhi

Petrol prices remain stagnant across most cities in India on 25 May 2020

Oil marketing companies that are run by the state did not make any changes to the prices of petrol across most cities in India on 25 May 2020. The prices of petrol have remained stable after crude oil prices fell in the international market.

Apart from Chennai, the prices of petrol have remained the same across all the other major cities. However, the VAT on petrol has increased by Rs.10 for a litre. In Delhi, the price of petrol remained the same when compared to 24 May 2020 and is at Rs.71.26 for a litre. Delhi has the cheapest prices of petrol when compared to most cities and all the metros due to lower taxes. The prices of petrol in Mumbai and Hyderabad also remained the same when compared to 24 May 2020 and are at Rs.76.31 and Rs.73.97 for a litre, respectively. In Chennai, the price of petrol was increased by 6 paise and is at Rs.75.60 for a litre. Since more than 80% of India’s crude requirements are imported the value of the rupee against the dollar and the crude oil prices in the international market determine the prices of petrol in the country.

25 May 2020

No changes made to the price of petrol on 4 May 2020

Oil marketing companies that are controlled by the state did not make any changes to the prices of petrol across the major cities in India on 4 May 2020. The prices of petrol have remained the same in most cities since 16 March 2020.

Brent crude oil futures have reduced drastically over the last 45 days due to the coronavirus outbreak. However, the prices of petrol have not been lowered. The price of petrol is the cheapest in Delhi when compared to most other cities due to lower taxes. The price of petrol in Delhi is at Rs.69.59 for a litre. The prices of petrol in Hyderabad, Chennai, and Mumbai remained the same as well when compared to 3 May 2020. The updated prices of petrol in Hyderabad, Chennai, and Mumbai are at Rs.73.97, Rs.69.59, and Rs.76.31 for a litre, respectively. In the international market, crude oil rates fell by 12% and are at $30.03 for a barrel. The value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of petrol in the country since more than 80% of India’s crude requirements are imported.

4 May 2020

No changes made to the prices of petrol on 1 May 2020

Oil marketing companies that are run by the state did not make any changes to the prices of petrol across the major cities in India on 1 May 2020. Petrol prices have remained stagnant for 46 days in a row across most cities.

Due to a hike in VAT, the prices of petrol in West Bengal, Karnataka, Nagaland, Haryana, and Assam were increased. Even though the prices of Brent crude oil have fallen, petrol prices have remained stagnant across most cities. In Delhi, the price of petrol was the same as on 30 April 2020 and is at Rs.69.59 for a litre. The price of petrol is the cheapest in Delhi when compared to all the metros and most state capitals because of lower taxes. The prices of petrol in Chennai, Mumbai, Kolkata, Hyderabad, Bengaluru, and Noida remained the same as on 30 April 2020. The updated prices of petrol in Chennai, Mumbai, Kolkata, Hyderabad, Bengaluru, and Noida are Rs.72.28, Rs.76.31, Rs.73.30, Rs.73.97, Rs.73.55, and Rs.72.03 for a litre, respectively. Since more than 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of petrol in the country.

4 May 2020

No changes made to the prices of petrol across the major cities on 16 April 2020

Oil marketing companies that are run by the state did not make any changes to the prices of petrol across the major cities in India on 16 April 2020. The prices of petrol have not been changed in many cities for more than 30 days.

Brent crude oil prices in the international markets reduced drastically after the IEA said that the production cut will not improve the huge drop in demand. The price of petrol in Delhi remained the same as on 15 April 2020 and is at Rs.69.59 for a litre. The prices of petrol are the cheapest in Delhi when compared to most state capitals and all the metros because of lower taxes. On 1 April 2020, the prices of petrol in Karnataka, West Bengal, and Maharashtra were increased by up to Rs.1.5 due to a hike in VAT. The prices of petrol in Chennai, Gurugram, Noida, Kolkata, and Mumbai were the same as well when compared to 15 April 2020. The updated prices of petrol in Chennai, Gurugram, Noida, Kolkata, and Mumbai are at Rs.72.28, Rs.70.21, Rs.72.03, Rs.73.30, and Rs.76.31 for a litre, respectively. Since more than 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of petrol in the country. The value of the rupee fell by 17 paise against the dollar and was at Rs.76.44.

16 April 2020

Petrol prices unchanged across the major cities in India on 6 April 2020

Oil marketing companies that are operated by the state did not make any changes to the prices of petrol across the major cities in India on 6 April 2020. The prices of petrol have remained the same across many cities for 21 days in a row.

Due to the coronavirus outbreak, Brent crude oil prices continued to fall, raising concerns. The price of petrol in Delhi has remained the same over the last 21 days and is at Rs.69.59 for a litre. Delhi has the cheapest prices of petrol when compared to most state capitals and all the metros because of lower taxes. In March, the price of petrol in Delhi was reduced by Rs.2.12. On 1 April 2020, the prices of fuel in Kolkata, Bengaluru, and Mumbai were increased between Rs.1 and Rs.1.5 due to a hike in VAT. The prices of petrol in Chennai, Kolkata, Hyderabad, Bengaluru, Mumbai, Gurugram, and Noida remained the same as well when compared to 5 April 2020. The updated prices of petrol in Chennai, Kolkata, Hyderabad, Bengaluru, Mumbai, Gurugram, and Noida are Rs.72.28, Rs.73.30, Rs.73.97, Rs.73.55, Rs.76.31, Rs.70.21, and Rs.72.03 for a litre, respectively. Since around 80% of India’s crude requirements are imported, the value of the rupee against the dollar and crude oil prices in the international markets determine the prices of petrol in the country. Brent crude prices in the global markets dropped on 6 April 2020 as talks between Russia and Saudi were delayed.

6 April 2020

Petrol prices see no change for 12th consecutive day

State-run Oil Marketing Companies (OMCs) on Saturday kept the rates of petrol constant for the 12th consecutive day. Following the daily revision, a litre of petrol cost Rs.69.59 in the national capital. In Mumbai, consumers were required to shell out Rs.75.30 while in Kolkata and Chennai a litre was retailed for Rs.72.29 and Rs.72.28 respectively. In non-metropolitan cities like Noida, Gurugram, Hyderabad, and Bengaluru OMCs charged Rs.72.03, Rs.70.21, Rs.73.97, and Rs.71.97 respectively. The cost for a litre of petrol was the cheapest in the national capital among all metropolitan cities and most state capitals due to lower taxes. In Delhi, the rates of petrol have slipped by Rs.2.12 per litre in the month of March. Since the start of the year, the price for every litre have fallen by Rs.6.42. With the country amid a 21-day lockdown, the sale of auto fuels are expected to be hit by over 90 percent.

In the international oil market, crude prices rose on Friday after world leaders pledged a huge infusion of funds to reduce the coronavirus crisis. The futures of Brent crude oil were up by 0.80 percent was trading at $26.55 per barrel in New York. US West Texas Intermediate (WTI) crude was trading at $23.06 per barrel after increasing by 2.04%. On the Multi Commodity Exchange, crude oil delivery in April was up by Rs.17 to Rs.1,804 per barrel in 37,183 lots.

In India, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

28 March 2020

Diesel prices Prices of petrol reduced by up to 17 paise on 5 March 2020 reduced by up to 10 across the major cities in India on 5 March 2020

Oil marketing companies that are managed by the state reduced the prices of petrol by up to 16 paise across the major cities in India on 5 March 2020. No changes were made to the prices of petrol on 4 February 2020.

According to the details available on the official website of Indian Oil Corporation, the price of petrol in Delhi was reduced by 15 paise and is at Rs.71.29 for a litre. The prices of petrol in Delhi has fallen to an eight-month low because of the reduction in Brent crude prices. The price of petrol is the cheapest in Delhi when compared to all the metros and most state capitals because of lower taxes. In Kolkata and Mumbai, the prices of petrol reduced by 15 paise and are at Rs.73.96 and Rs.76.98 for a litre, respectively. The price of petrol in Chennai was reduced by 16 paise and is at Rs.74.07. In Noida, the price of petrol was reduced by 11 paise and is at Rs.73.37 for a litre. In Gurugram, petrol prices reduced by 17 paise and are at Rs.71.54 for a litre. On 5 March 2020, the price of crude oil in the international markets increased by 1% due to an increase in oil inventories. Brent crude oil futures prices in the global market increased by 1.5% and were trading at $51.91 for a barrel.

5 March 2020

OMCs keep petrol prices stagnant on Monday

The rates of petrol didn’t see any change on Monday as state-owned Oil Marketing Companies (OMCs) decided against increasing or decreasing the prices. Petrol prices have been static across the major cities of the country for the last six days. Following Monday’s revision in the prices, a litre of petrol was retailed for Rs.71.94 in New Delhi, Rs.77.60 in Mumbai, Rs.74.58 in Kolkata, and Rs.74.73 in Chennai. In non-metropolitan cities like Noida and Gurugram, consumers were charged Rs.73.86 and Rs.72.04 for a litre.

It must be noted here that the rates of petrol charged in the national capital are at their lowest level in the past five months. In this month alone, the prices have slipped by Rs.1.25 per litre in New Delhi.

In the international oil market, the rates of Brent crude oil and US West Texas Intermediate (WTI) crude tumbled on Monday. The drop in the prices was accounted to expectations that the economic data in Asia which is due this week would show a clear picture of how the outbreak of coronavirus in China impacted the demand for oil. The futures of Brent crude and US West Texas Intermediate (WTI) crude were down by 33 and 13 cents respectively and was trading at $56.99 and $51.92 per barrel.

17 February 2020

Prices of petrol fall for the third consecutive day on 1 February 2020

Oil marketing companies that are managed by the state reduced the prices of petrol by up to 8 paise across the major cities in India on 1 February 2020. This is the third day in a row that the prices of petrol have been reduced.

According to the data available on the official website of Indian Oil Corporation, the price of petrol in Delhi was reduced by 8 paise and touched Rs.73.19 for a litre. The price of petrol is the cheapest in Delhi when compared to all other metros due to lower taxes. The Union Budget 2020-2021 will be presented by the Finance Minister Nirmala Sitharaman on 1 February 2020. On 31 January 2020, the prices of petrol were reduced by up to 10 paise across the major cities in India. In the month of January, the price of petrol was reduced by Rs.1.96 in Delhi. In Mumbai, Chennai, and Noida, the prices of petrol were reduced by 5 paise and touched Rs.78.83, Rs.75.85, and Rs.74.84 for a litre, respectively. In Chennai, the price of petrol was reduced by 6 paise and touched Rs.76.03 for a litre. In Gurugram, the price of petrol was reduced by 4 paise and touched Rs.73.05 for a litre. Since over 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the global market play a vital role in affecting the prices of petrol.

1 February 2020

Petrol prices fall across India

Petrol prices across the country took a hit for the fourth straight day on Sunday. The price of the fuel in the national capital was recorded at Rs.73.86 per litre following the revision in rates. The economic capital of the country, Mumbai, saw petrol prices fall to Rs.79.47 per litre on Sunday, marking a decline of 29 paise since Saturday when rates stood at Rs.79.76 per litre. Even Chennai saw a decline in petrol prices where the fuel was selling at Rs.76.71 per litre, a decline of 32 paise from the Rs.77.03 recorded on Saturday. Petrol prices in Kolkata on Sunday were recorded at Rs.76.48 per litre. Noida also recorded a decline in petrol prices, with rates falling to Rs.73.55 per litre on Sunday. It is interesting to note that the petrol rates in Delhi are lower in comparison with the other metros in India. The reason for this is lower taxes. After rate reductions on consecutive days, petrol prices are currently at their lowest so far as the month of January is concerned. The year started off well as fuel prices rose for the first few days, but have been declining steadily since the 12th of the month.

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